Know Labs, Inc. reported its financial results for the first quarter of fiscal year 2025, which ended December 31, 2024. The company's cash and cash equivalents decreased significantly to $1,032,329 as of December 31, 2024, down from $3,110,755 at September 30, 2024.
The total stockholders' deficit for the quarter increased to ($3,914,900) from ($2,156,201) at the end of the previous fiscal year. These figures highlight the company's continued operational expenses and capital requirements.
The company's financial statements for the quarter also included an audit opinion with an explanatory paragraph related to its ability to continue as a going concern. This reiterates the financial challenges previously disclosed in its annual report.
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